As per a statement by John Chambers, Chairman & CEO Cisco and subsequently by Dinesh Malkani, Cisco India’s President; Cisco is going to invest USD1.7b in one year in India. This is the first biggest investment in India ever since Narendra Modi became the Prime Minister of India.
As the US network equipment-maker faces constant dip in its China business, Cisco sees India as a big opportunity for growth. In the quarter ended July 26, Cisco India’s revenue grew 18% while China revenue declined 26%.For Cisco India indeed is a great place now to invest given the huge growth of e-commerce, data centers and the government’s focus on building smart cities and overall upgrading and leveraging of technology.
Cisco already has a focus towards taking a stake in the smart cities initiative by The Government of India, by creating a smart campus in Bangalore, India, that also serves as a demonstration center of how a smart city works.
Spread over 2.6 million square feet, and designed as a campus-as-a-city for thousands of Cisco employees to work, play and learn, the Cisco Smart City is a spectacular showcase of how a pervasive physical network infrastructure can easily connect to devices (such as sensors, information access points and mobile devices) and with a high degree of security.